Fixed Maturity Plans are good options for investors wanting to block their money for a fixed time frame. Though the returns are not assured, investors can expect a return in tune with the current interest rate scenario.
These close-ended schemes seek to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the duration of the scheme.
Here are the FMPs available in the market:
ING FMP Series -44
Tenure: 91 Days
Offer Opens: March 19, 2008
Offer Closes: March 24, 2008
Minimum Investment: Rs.5000/- for regular plan and Rs.100, 00,000 for institutional plan
Exit Load: 1% before maturity
ING Long Term FMP II
Tenure: 380 Days
Offer Opens: March 18, 2008
Offer Closes: March 24, 2008
Minimum Investment: Rs.5000/- for regular plan and Rs.100, 00,000 for institutional plan
Exit Load: 4% before three months, 3% after three months but before six months, 2%
after six months but before nine months and 1% after nine months but before maturity.
Lotus India Fixed Maturity Plan-375 Days-Series VII
Tenure: 375 Days
Offer Opens: February 14, 2008
Offer Closes: March 24, 2008
Minimum Investment: Rs.5000/- for retail investor and Rs.5, 000,000 for institutional investor.
Exit Load: 2 % before maturity.
LICMF FMP Series 37
Tenure: 13 Month
Offer Opens: March 17, 2008
Offer Closes: March 24, 2008
Minimum Investment: Rs. 10000/-
Exit Load: 1.5% before 180 Days & 1% after 180 days but before maturity.
LICMF FMP Series 39
Tenure: 3 Month
Offer Opens: March 17, 2008
Offer Closes: March 24, 2008
Minimum Investment: Rs.10000/-
Exit Load: 0.05% before maturity.
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